monday.com Announces Third Quarter 2022 Outcomes

November 14, 2022

. 3rd quarter income of $136.9 million expanded 65% year over year (68% FX-adjusted) .

. (* )Variety Of Consumers with greater than $50k ARR expanded 116% year over year .
. (* )Variety of paying accounts from brand-new monday Job OS items has actually exceeded 3,000

.(* )NEW YORK CITY & TEL AVIV, Israel–( ORGANIZATION CABLE)– . monday.com

. . Monitoring Discourse:

. . . “The stamina of our Job OS system as well as proceeded implementation in the quarter led to solid leading line development, with income expanding 65%,” stated monday.com owner as well as co-CEO, Roy Mann. “This quarter once more showed our capability to drive development from both brand-new as well as existing clients, specifically at the venture degree where we increased our base to over 1,300 clients.” .
.” Our brand-new Job OS items remain to see fantastic grip, as well as we are extremely motivated by the fostering as well as favorable comments we have actually gotten from very early clients,” stated monday.com owner as well as co-CEO, Eran Zinman. “We continue to be positive in the long-lasting chance in advance as we remain to offer items as well as services that are core to our clients’ service success throughout an increasing breadth of usage situations.” .
.” We made solid progression versus our monetary as well as operating strategies, which drove enhancing margins as well as favorable modified cost-free capital in the 3rd quarter,” stated Eliran Glazer, monday.com CFO. “While unpredictabilities in the macroeconomic atmosphere continue to be, these outcomes offer us self-confidence to raise our overview for the equilibrium of the year, as we continue to be concentrated on enhancing effectiveness as well as earnings while spending sensibly to expand business.” .

See also  TPR's 2022 protection of the Uvalde college capturing

.

.

3rd Quarter Fiscal 2022 Financial Emphasizes:

.
.
. . Profits was$ 136.9 million, a boost of 65% year-over-year, or 68
% on an FX-adjusted basis. .
.

    . GAAP operating loss was$ 28.2 million contrasted to a loss of $29.2 million in the 3rd quarter of 2021; GAAP running margin was unfavorable 21% contrasted to unfavorable 35% in the 3rd quarter
    of 2021.
    .(* ) .

  • . Non-GAAP operating loss was $2.2 million contrasted to a loss of $9.4 million in the 3rd quarter of 2021; non-GAAP operating margin was unfavorable 2% contrasted to unfavorable 11% in the 3rd quarter of 2021. .
  • .

  • . GAAP bottom line per fundamental as well as watered down share was $0.51 contrasted to GAAP bottom line per fundamental as well as watered down share of$ 0.65 in the 3rd quarter of 2021; non-GAAP take-home pay per fundamental share as well as watered down share was $0.06 as well as$ 0.05, specifically, contrasted to non-GAAP bottom line per fundamental as well as watered down share of $0.26 in the 3rd quarter of 2021. .
  • .

  • . Internet cash money given by running tasks was$ 20.0 million, with$ 14.0 countless changed cost-free capital, contrasted to web cash money given by running tasks of $3.8 million as well as$ 2.9 countless changed cost-free capital in the 3rd quarter of 2021.
    .
  • .

  • .
  • .

  • Current Service Emphasizes:(*
    ) .
  • .

. .
Internet buck retention price mored than 120%. . . . Internet buck retention price for clients with greater than 10 customers mored than 135%. .(* ) .
. Internet buck retention price for clients with greater than $
50,000 in yearly reoccuring income(” ARR”) mored than 145%. .

. Complete income of$ 140 million to $142 million, standing for year-over-year development of 47% to 49%.
.
. . Non-GAAP operating loss of $22 million to$ 20 million as well as unfavorable operating margin of 15 %
to 14%.
.
.(* ) . For the complete year 2022, monday.com currently anticipates: .
.

. Complete income of$ 509 million to$ 511 million, standing for year-over-year development of 65% to 66
%.
.(* ) .(* ) . Non-GAAP operating loss of$ 83 million to$ 81 million as well as unfavorable operating margin of about 16% .
.

    .

  • . As a result of the current conditioning of the United States buck, monday.com currently anticipates FX to adversely affect our complete year income development quotes by about 300 basis factors. .
  • .

  • .
  • Non-GAAP Financial Procedures:

.

    .

  • . This news release as well as the going along with tables consist of the complying with non-GAAP monetary procedures: income leaving out FX influences, non-GAAP gross revenue, non-GAAP gross margin, non-GAAP sales as well as advertising expenditures, non-GAAP r & d expenditures, non-GAAP basic as well as management expenditures, non-GAAP operating loss, non-GAAP operating margin, non-GAAP take-home pay (loss), non-GAAP take-home pay (loss) per share as well as changed cost-free capital. Specific of these non-GAAP monetary procedures leave out share-based settlement. .
  • . monday.com thinks that these non-GAAP monetary procedures offer valuable info to monitoring as well as capitalists relating to particular monetary as well as service patterns associating with monday.com’s monetary problem as well as outcomes of procedures. monday.com monitoring makes use of these non-GAAP procedures to contrast monday.com efficiency to that of previous durations, for fad evaluation as well as for budgeting as well as preparation objectives. monday.com thinks that making use of these non-GAAP monetary procedures gives an extra device for capitalists to utilize in assessing continuous operating outcomes as well as patterns as well as in contrasting monday.com monetary outcomes to the outcomes of various other software program business, most of which existing comparable non-GAAP monetary procedures to capitalists. The non-GAAP monetary info exists for extra informative objectives just, as well as ought to not be taken into consideration an alternative to monetary info offered according to GAAP, as well as might be various from similarly-titled non-GAAP procedures made use of by various other business. .

  • . Monitoring does rule out these non-GAAP procedures alone or as an option to monetary procedures figured out according to GAAP. The primary constraint of these non-GAAP monetary procedures is that they leave out considerable expenditures as well as revenue that are called for by GAAP to be taped in monday.com monetary declarations. Additionally, they go through intrinsic restrictions as they show the workout of judgment by monitoring concerning which expenditures as well as revenue are left out or consisted of in figuring out these non-GAAP monetary procedures. .
  • . Settlement tables of one of the most straight similar GAAP monetary procedures to the non-GAAP monetary procedures made use of in this news release are consisted of with the monetary tables at the end of this launch. monday.com prompts capitalists to evaluate these settlement tables as well as not to count on any kind of solitary monetary action to review the monday.com service. Monitoring is unable to anticipate GAAP bottom line attributable to regular investors on a progressive basis without unreasonable initiatives because of the high irregularity as well as problem in forecasting share-based settlement expenditure, the quantities of which might be considerable in future durations. .

.

. Interpretations of Service Secret Efficiency Indicators .
.(* ) .
Internet Buck Retention Price(* ) .

. We determine Internet Buck Retention Price since a duration end by beginning with the ARR from clients since the year before such duration end(” Previous Duration ARR “). We after that determine the ARR from these clients since the present duration end(” Present Duration ARR”). The computation of Present Duration ARR consists of any kind of upsells, tightening as well as attrition. We after that split the complete Present Duration ARR by the complete Previous Duration ARR to reach the web buck development price. For the routing 12-month computation, we take a heavy standard of this computation of our quarterly Internet Buck Retention Price for the 4 quarters finishing with one of the most current quarter. .

.

Yearly Recurring Profits (” ARR”)

.
(* ) . Is specified to suggest, since the dimension day, the annualized worth of our consumer memberships prepare presuming that any kind of agreement that ends throughout the following year is restored on its existing terms. .

. . Progressive Declarations: .
.

. This news release includes “progressive declarations” within the definition of the “secure harbor” arrangements of the Exclusive Stocks Lawsuits Reform Act of 1995, consisting of yet not restricted to, declarations concerning our monetary overview as well as market positioning. These progressive declarations are made since the day they were initially provided as well as were based upon present assumptions, quotes, projections as well as estimates along with the ideas as well as presumptions of monitoring. Words such as “overview,” “assistance,” “anticipate,” “expect,” “should,” “think,” “hope,” “target,” “task,” “strategy,” “objectives,” “price quote,” “possible,” “anticipate,” “may,” “will,” “might,” “could,” “plan,” “will” as well as variants of these terms or the unfavorable of these terms as well as comparable expressions are meant to determine these progressive declarations. Positive declarations go through a variety of dangers as well as unpredictabilities, most of which entail elements or conditions that are past monday.com control. monday.com’s real outcomes can vary materially from those specified or suggested in progressive declarations because of a variety of elements, consisting of yet not restricted to our capability to anticipate our income as well as review our service as well as future leads; our capability to handle our development efficiently, implement our service strategy or preserve high degrees of solution as well as consumer complete satisfaction; our capability to attain as well as preserve earnings as well as complete efficiently with well established business as well as brand-new market participants in an affordable as well as swiftly transforming market; disturbances or efficiency troubles related to the innovation or framework hidden our system; actual or viewed mistakes, failings, susceptabilities, or insects in our Job OS; our capability to draw in clients, expand our retention prices, broaden use within companies as well as market registration strategies; our capability to provide top quality consumer assistance; our capability to efficiently create as well as broaden our straight sales abilities; our capability to improve our track record as well as market understanding of our Job OS as well as items; activities by federal governments to limit accessibility to our system in their nations; our capability to determine as well as incorporate future purchases, calculated financial investments, collaborations or partnerships; our capability to draw in as well as maintain very knowledgeable staff members; our capability to increase added resources or create capital needed to broaden our procedures as well as buy brand-new innovation; the marketplace as well as software program classifications in which we take part; our capability to make sure that our Job OS as well as items interoperate with a selection of software program applications that are created by 3rd parties; the success of our calculated partnerships with 3rd parties; personal privacy, information as well as cybersecurity occurrences or any kind of real or viewed failing by monday.com to adhere to personal privacy, information security, info safety and security, customer personal privacy, information residency, or telecoms legislations, laws, federal government gain access to demands, as well as responsibilities; copyright conflicts; modifications in international exchange prices; basic political or destabilizing occasions, consisting of battle, problem or acts of terrorism as well as various other elements defined in “Threat Elements” in our Yearly Record on Type 20-F for the year finished December 31, 2021, submitted with the SEC on March 16, 2022. Additional info on possible dangers that can impact real outcomes will certainly be consisted of in the succeeding filings that monday.com makes with the Stocks as well as Exchange Compensation once in a while. .
. Previous efficiency is not always a measure of future outcomes. The progressive declarations consisted of in this news release stand for monday.com’s deem of the day of this news release. monday.com expects that succeeding occasions as well as growths will certainly create its sights to alter. monday.com carries out no purpose or responsibility to upgrade or modify any kind of progressive declarations, whether as an outcome of brand-new info, future occasions, or otherwise. These progressive declarations ought to not be trusted as standing for monday.com’s deem of any kind of day succeeding to the day of this news release. .
.

.

Profits Webcast:
.
.

. monday.com will certainly hold a public webcast at 8:30 a.m. ET today to go over the outcomes for its 3rd quarter 2022 as well as monetary overview. The real-time telephone call might additionally be accessed through telephone at (855) 979-6654 or +1 (646) 664-1960 (outside the UNITED STATE). Please recommendation meeting ID: 668622. An archived webcast can be accessed from the Information & & Occasions area of monday.com’s Financier Relations internet site complying with the telephone call. .

. . Financier Discussion Information: .
.

. A capitalist discussion supplying added info can be discovered at http://ir.monday.com. .

.

. Regarding monday.com:
. .
. The monday.com Job OS is an open system that equalizes the power of software program so companies can quickly develop job monitoring devices as well as software program applications to fit their every requirement. The system without effort links individuals to procedures as well as systems, encouraging groups to master every element of their job while producing a setting of openness in service. monday.com has groups in Tel Aviv, New York City, Miami, Chicago, London, Warsaw, Sydney, São Paulo, Singapore, as well as Tokyo. The system is totally personalized to fit any kind of service upright as well as is presently made use of by over 152,000 clients throughout over 200 markets in over 200 nations as well as regions. .

. See us on our LinkedIn,

, Instagram as well as Facebook. .
. To find out more concerning monday.com please see our Press Area. .
.
.
.

MONDAY.COM LTD

. . .(* ) . . .

CONDENSED CONSOLIDATED
STATEMENTS OF PROCEDURES

.Twitter .

.

.

.

.

.

.

.

.

.

.

.

3 months finished

.

.

eptember 30,

.

eptember 30,

.

2022

.

.

2021

2022

2021

.

.

.

.

.

.

.

.

.

.

.

.(* ) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
67,443 .

.
303,683 .

.
191,548 .

.
General as well as management .

.

.
22,348 .

.

.

.

.

.

.

.

. Complete operating costs .

.

.
147,302 .

.

.

.

.

.

.
279,887 .

.

.

.

.

.

.
( 29,211) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
( 4,881) .

.
( 1,177) .

.

.

.

.

.

.

.

.
$ .

.
( 135,379) .

.
$ .

.
( 96,689) .

.

.

.

.

.

.

.

.
– .

.
( 8,203) .

.

.

.

.
$ .

.

.
$ .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
$ .

.

.
$ .

.

.
$ .

.

.

.

.

.

.

.

.

.

.

.

.

.(* ) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
.
( united state bucks in thousands ,
other than share as well as per share information)
.

.
.
.

.

.
.
.

.

.

.

.

.

.

.
.

S

.

.

.

.

.

.
.
.

.

9 months finished .
.
.
S

.

.

.

.

.

.

.
.

.

.
.
.
.

.

.

.

.

.

.

.

.

.

.
.
.

.

.

.

.

.

.

.
.
.

.

.

.

.

.

.

.
.
.

.

.

.

.

.

.
( unaudited) .
.
.

.

.

.

.
( unaudited) .

.

.

.

.

.
Profits .

.

.

.

.
$ .

.

.

.
136,893 .

.

.
$ .

.

.

.
83,018 .

.

.

.
$ .

.

.

.
369,108 .

.

.

.

.
$ .

.

.

.
212,605 .

.

.

.

.

. Price of income .

.

.

.

.

.

.
17,830 .

.

.

.

.
10,213 .

.

.

.

.

.

.
49,169 .

.

.

.

.

.

.
27,245 .

.

.

.

.

.
Gross revenue .

.

.

.

.

.

.
119,063 .

.

.

.

.
72,805 .

.

.

.

.

.

.
319,939 .

.

.

.

.

.

.
185,360 .

.

.

.

.

.
Business expenses: .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Research study as well as advancement
.

.

.

.

.

.

.
33,984 .

.

.

.

.
19,875 .

.

.

.

.

.

.
94,487 .

.

.

.

.

.

.
51,727 .

.

.

.

.

.
Sales as well as advertising .

.

.

.

.

.

.
90,970 .

.

.(* ) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.(* ) .

.

.

.

.

.

.

.

.

.

.

.

.

.
14,698 .

.

.

.

.

.

.
63,684 .

.

.

.

.

.

.
36,612 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
102,016 .

.

.

.

.

.(* ) . 461,854 .

.(* ) .

.(* )

.

.

.

.

.

.

.

.
Running
loss .

.

.

.

(
*) .

.

.
( 28,239) .

.

.

.

.

.

.

.

.

.

.

.

.
( 141,915) .

.

.

.

.

.

.

.( 94,527) .(* ) .

.

.

.(* ) . Monetary revenue( expenditure) ,
web .

.

.

.

.

.

.
6,972 .

.

.

.

.

.

.
( 220) .

.

.

.

.
11,417 .

.

.

.

.

.

.
( 985) .

.

.

.

.

.
Loss prior to revenue tax obligations .

.

.

.

.

.

.
( 21,267) .

.

.

.

(
*) .

.

.
( 29,431) .

.

.

.

.
( 130,498) .

.

.

.

.

.

.
( 95,512) .

.

.

.

.

. Revenue tax obligation advantage( tax obligation expenditure) .

.

.

.

.

.

.
( 1,763) .

.

.

.

.

.

.
585 .

.

(
*) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Internet loss .

.

.

.

.
$ .

.

.

. (23,030) .

.

.

.

.
$ .

.

.

.
( 28,846) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Regarded reward to chosen investors .

.

.

.

.

.

.
– .

.

.

.

.

.

. - .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. Bottom line attributable to regular investors .

.

.

.

.
$ .

.

.

.
( 23,030) .

.(* ) .(* ) .

.

.

.

.

.
( 28,846) .

.

.

.

.

.
( 135,379)
.

.

.

.

.
$ .

.

.

.( 104,892) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Internet loss per share attributable to regular investors
‘, fundamental as well as watered down .

.

.

.

.

.

.

.( 0.51) .

.

.

.

.

.

.

.
( 0.65) .

.

.

.

.

.
( 3.00) .

.

.

.

.
$ .

.

.

.
( 4.12) .

.

.

.

.

.
Weighted-average regular shares made use of in computing bottom line per regular share
, fundamental as well as
watered down .

.

.

.

.

.

.

. 45,477,804 .

.

.

.

.

.

.

.
44,267,434 .

.

.

.

.

.
45,179,821 .

.

.

.

.

.

.
25,475,893 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

MONDAY.COM LTD

.

.

.

.

.

COMPRESSED COMBINED
ANNUAL REPORT

.

.

.

.

.

.(* )( united state bucks in thousands)

.

.

.

.

.
.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.(* ) .$ .

.

.

.

.

. Accounts receivable, web .

.

.

.

.

.

. Prepaid expenditures as well as various other present possessions .

.

.

.

.

.

.
Complete present possessions .

.

.

.

.

.(* ) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.(* ) .(* ) .
$ .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
6,827 .

.

.
$ .

.

.

.

.

.
75,957 .

.

.

.

.

.

.
189,385 .

.

.

.

.

.

.
16,874 .

.

.

.
Complete present obligations .

.
289,043 .

.

.

.

.

.
LONG-LASTING OBLIGATIONS .

.

.

.

.

.
Running lease obligations, non-current .

.
67,148 .

.

.

.

.

.
Various other non-current obligations .

.

.

.

. 1,612 .

.
Complete long-lasting obligations .(* ) .

.

.

.

. 1,612 .

.

.

.

.

.

.

.

.

.

.

. (* ) .

.

.

.

.

.

.
594 .

.

.

.

.

.

.

.
1,148,461 .

. (* ) .(* ) . Collected deficiency .

.
( 581,039) .

.
( 445,660) .

.

.

.
Complete investors’ equity .

.
651,501 .

.
703,395 .

.

.

.
Complete obligations as well as investors’ equity .

.
$ .

.
1,010,075 .

.
$ .

.
933,192 .

.

.

.

.

.

.

COMPRESSED COMBINED DECLARATIONS OF CAPITAL

.

.

.

.

.

.

.

.

.

.

.
.

.

.

.
.

.

September 30
,

.
.
.

.

.

.

.

December 31,

.

.

.

.

.

.

.

.

.

2022 .
.

.

.

.

.

.

2021 .
.

.

.

PROPERTIES

.

.

.

.

(
*) .(* ) .

.
( unaudited) .

.
.
.

.

.

.

.

.
( investigated) .

.

.
.
.

.
EXISTING PROPERTIES: .

.

.
.

.

.

.

.

.

.

.

.

.

.

.

.

.
Cash money as well as cash money matchings .

.

.

.

.

.
852,568 .

.

.

.

.
$ .

.

.

.
886,812 .

.

.

.

.

.

.

.

.

.

.
14,466 .

.

.

.

.

.

.
8,509 .

.

.

.

.

.

.

.

.

.

.
22,510 .

.

.

.

.

.

.
18,172 .

.

.

.

.

.

.

.

.

.

.
889,544 .

.

.

.

.

.

.
913,493 .

.(* ) .

.

.
LONG TERM-ASSETS: .

.

.

.

.

.

.

.

.

.

.

.

.

.
Residential property as well as devices, web .

.

.

.

.
31,645 .

.

.

.

.

.

. 19,599 .

.

.

.

.

.
Running lease right-of-use possessions .

.

.

.

.
88,710 .

.

.

.

.

.

.
– .

.

.

.

.

.
Various other long-lasting possessions .

.

.

.

.
176 .

.

.

.

.

.

.
100 .

.

.

.

.

.
Complete long-lasting possessions .

.

.

.

.
120,531 .

.

.

.

.

.

.
19,699 .

.

.

.

.

.
Complete possessions .

.

.

.

.
$ .

.
1,010,075 .

.

.

.

.

.

.
933,192 .

.

.

.

.

OBLIGATIONS AS WELL AS INVESTORS’
EQUITY

.

.

.

.

.

.

.

.

.

.

.

.

.

.
EXISTING OBLIGATIONS: .

.

.

.

. . .

.

.

.

.

.

.

.

.
Accounts payable .

.

.

.

.
$ .

.

.

.

.

.

.

.

.

.
23,612 .

.

.

.

.
Built up expenditures as well as various other present obligations .

.

.

.

.

.

.

.

.

.

.

.

.
70,135 .

.

.

.

.
Deferred income .

.

.

.

.

.

.

.

.

.

.

.

.
134,438 .

.

.

.

.
Running lease obligations, present .

.

.

.

.

.

.

.

.

.

.

.

.
– .

.

.

.(* ) .

.

.

.

.

.

.

.

.

.

.

.

.
228,185 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
– .

.

.

.

.

.

.

.

.

.
2,383 .

.

.

.

.

.

.

.(* ) .

.

.

.

.

.

.
69,531 .

.

.

.

.

.

.

.

.

.
Complete obligations .

.

.

.

.

. 358,574 .

.

.(* ) .

.

.(* ) .

.

. 229,797 .(* ) .

.

.
INVESTORS’ EQUITY: .

.

.

.

.

.

.

.

.

(
*) .

.

.

.

.

. Various other extensive revenue( loss) .

.

.

.

.

.

.
( 6,338) .

.

.

.

.

.

.

.

.

. Share resources as well as added paid-in resources .

.

.

.

.

.

.
1,238,878 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

MONDAY.COM LTD

.(* ) .

.

.

.

.

.

.

.

.

( united state bucks in thousands )

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
3 months finished

.

.

.

.

.

.

.

.

.

.

.

.

.

2022

.

.

.

(
*) .

.(* ) .

.

.

.

.

.

.

.

.
( unaudited) .

.
CAPITAL FROM RUNNING TASKS: .

(* ) .

.

.

.

.

.

.

.

.

.$ .

.

.

.

.

.

.

.

.

.

Modifications to fix up
web loss to web cash money given by( made use of in) operating tasks

.

.

.

.

.
Devaluation as well as amortization .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.( 2,594) .

.

.
( 5,957) .

.

.
( 3,047) .

.(* ) .

.

.

.
5,638 .

.

.

.

.

.

.

.

.
( 4,126) .

.

.

.

.

.

.

.
Built up expenditures as well as various other obligations, web .

.
6,087 .

.

.

.

.

.

.

.

.

.
Deferred income .

.
11,503 .

.

.

.

.

.

.

.

.

.
Internet cash money
given by( made use of in) operating tasks .

.
20,030 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
( 12,243) .

.
( 8,604) .

.

.

.

.

.

.
( 590) .

.
( 2,342) .

.
( 1,748) .

.

.

.

.

.

.
3 .

.
– .

.
24 .

.

.

.

.

.

.
10,051 .

.
– .

. 10,000 .

.

.

.

.

.

.

.

.

.

.

.

.(* )

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
.
.

(* ) .

9 months finished

.
.
.

.

.

.
.
.

.

September
30,

.

.

.

.

.
.

.

September 30
,

.

.

.

.

.
.
.

.

.

.

.

.

.

.
.
.

.

.

.

2021

.

.

.

.

.

. . 2022

.

.

.

.

.

.
2021 .

.

.

.

.

.

.

.

.
( unaudited) .
.
.

.

.

.

.

.

.
.
.

.

.

.

.

.

.

. .

.

.

.

.

.
.
.

.

.

.

.

.

.

.

.

.

.

.

.
Internet loss .

.

.

.

.

.( 23,030) .

.

.

.

.
$ .

.

.

.
( 28,846) .

.

.

.

.
$ .

.

.

.
( 135,379) .

.

.

.

.
$ .

.

.

.
( 96,689) .

.

.

.

.

.

:
.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.(* ) .

.

.

.

.

.

.

.

.

.

.

.

.
. 2,860 . .

.

.

.

.

.
709 .

.

.

.

.

.

.
5,384 .

.

.

.

.

.

.
1,783 .

.

.

.

.

.
Resources loss from sale
of residential or commercial property as well as devices .

.

.

.

.
– .

.

.

.

.

.

.
19 .

.

.

.

.

.

.
– .

.

.

.

.

.

.
66 .

.

.

.

.

.
Share-based settlement .

.

.

.

.
26,054 .

.

.

.

.

.

. 19,762 .

.

.

.

.

.

.
80,542 .

.

.

.

.

.

.
51,860 .

.

.

.

.

. Modification in built up rate of interest on rotating debt center .

.

.

.

.
– .

.

.

.

.

.

.
( 35 ) .

.

.

.

.

.

.
– .

.

.

.

.

.

.
( 16 ) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.(* )

.

.

.

.

.

.

.

.

Adjustments in running
possessions as well as obligations:

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Accounts receivable, web .

.

.

.

.

.
( 4,956) .
.
.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Prepaid expenditures as well as various other possessions .

.

.

.

.

.

.

.

.

.

.

.

.
( 8,974) .

.

.

.

.

.

.

.
2,343 .

.

.

.

.

.

.

.
( 11,032) .

.

.

.

.
Accounts payable .

.

.

.

.

.

.

.

.

.

.

.

.
( 4,090) .

.(* ) .

.

.

.

.
( 16,750) .

.

.

.

.

.

.
( 5,093) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
12,591 .

.

.

.

.

.

.
7,927 .

.

.

.

.

.

.
18,552 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
15,251 .

.

.

.

.

.

.
54,947 .

.

.

.

.

.

.
46,455 .

.

.

.

.

.

.

.

.(* ) .

.

.

.

.

.

.
3,793 .

.

.

.

.

.

.
( 6,943) .

.

.

.

.

.

.
2,839 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.(* ) . CAPITAL FROM SPENDING TASKS: .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. Acquisition of residential or commercial property as well as devices .

.

.

.(* )

.

.

.( 5,339) .

.

.

.

.
( 3,023) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Exploited software program
advancement prices .

.

.

.

.

.

.
( 732) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Profits from sale of residential or commercial property as well as devices .

.

.

.

.

.

.- .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Adjustments in temporary down payments .

.

.

.

.

.

.
– .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
Internet cash money given by( made use of in) spending tasks .

.

.

.

.

.
( 6,071) .

.

.

.

. 6,441 .

.

.

.

.

.

.
( 14,585) .

.

.

.

.

.

.
( 328) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.(* ) .

.

.

MONDAY.COM LTD(* )
.

.

.

.

.

.

CONDENSED CONSOLIDATED STATEMENTS OF CASH MONEY FLOWS( Cont.
)

.

.

.

.

.

( united state bucks in thousands )

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
CAPITAL FROM FUNDING TASKS: .

.

.

.

.

.

.

.

.

.

.
.

.

.

.

.

.
– .

.

.

.

.
( 164) .

.

.
735,856 .

.

.

.
Profits from workout of share
alternatives as well as worker share acquisition strategy .

.

.

.

.

.

.

.

.
Invoice of tax obligation advancement associating with workouts of
share alternatives .

.
435 .

.
17,500 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
( 21,000) .

.

.

.

.

.
( 23 ) .

.

.

.

.

.

. Internet cash money given by( made use of in )funding tasks .

.

.
3,989 .

.

.
( 1,942) .

.

.

.

.

.

(
*) .

.

.

.

.

.

.
BOOST( DECLINE) IN CASH MONEY,
CASH MONEY EQUIVALENTS AS WELL AS RESTRICTED CASH MONEY .

.(* ) . 17,948 . (* ) .

.

.

.

.

.

.

(* ) .

.(* ) .

.

.

.

.

. CASH MONEY, CASH MONEY MATCHINGS AS WELL AS RESTRICTED CASH MONEY- End of duration .

.

.

.

.$ .

.
852,568 .

.$ .

.

(* ) .

.

.

. (* ) .

.(* ) .(* )(* ) .

.

.

.

.

.

(* ) .

.

.

.

.

.

.

.

.

.

.

.

.

.(* )

(* ) .

.

.

. Cash money as well as cash money matchings .

.
$ .

.

.
$ .

.

.
$ .

.

.

.

.

.

.

.

.(* ) .

.
876,220 .

.

.
$ .

.

.

.

.

.

.

.

.

.

.

.(* ) .

Settlement of GAAP to Non-GAAP Financial Details

.

.

.

.

.

.

.

.

.

.

.

.

S

.

.

.

.

.

.

.

.

.

.
.
.

.
Profits from going public as well as simultaneous exclusive positioning
, web of underwriting discount rates as well as
various other issuance prices .

.

.
.

.

.

.
.

.

.

.(* ) .(* )

.(* ) .

.

.- .

.

.

.

.

.

.

.
.

.

.

.

.

.

.

.

.

. 3,572 .

.

.

.

.

.

.

.

.
1,745 .
.

.

.

.

.
8,277 .

.

.

.

.

.

.
3,588 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
( 20,932) .

.

.

.

.

.

. 23,523 .(* ) .

.

.

.

.
Settlement of rotating debt center, web .

.

.

.

.

.

.
– .

.

.

.

.

.

.
( 21,000) .

.

.(* ) .

.- .

.

.(* ) .

.

.

.

.

.

.

.

.

.
Resources lease repayments .

.

.

.

.

.

.
( 18) .

.

.

.

(* ) .

.

.

.

.

.

.

.

.
( 61) .

.

.

.

.

.

.
( 72) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.( 12,716) .

.

.

.

.

.

.
741,895 .

.

.

.

.

.

.

.

(
*) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
8,292 .

.

.

.

.

.

.

.
( 34,244) .

.

.

.

.

.
744,406 .

.

.

.

.

. CASH MONEY, CASH MONEY MATCHINGS AS WELL AS RESTRICTED CASH MONEY- Start of duration .

.(* ) .

.(* ) .

. 834,620 .(* ) .

.(* ) .

.

.

.

. 867,928 .

.

.

.

.

. 886,812 .(* ) .(* ) .

.

.

.(* ) .

. 131,814 .

.

.

.

.(* ) .

.

. $ .

.

.

. 852,568 .

.

.(* ) .

.$ . (* ) .

.

.

. 876,220 .(* ) .(* ) .(* ) . (* ) .

.

.

.

.

.

.

.

.(* ) .

.

. 876,220 .

.

.

.

.

.

.

.

.

.

.

(* ) .

. (* ) .

. (* ) .

.

.

.

.(* ) .

.

.

(* ) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. SETTLEMENT OF CASH MONEY, CASH MONEY EQUIVALENTS AS WELL AS RESTRICTED CASH MONEY TO THE COMBINED ANNUAL REPORT: .(* ) .

.

.

.

.

.

.

.(* ) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.(* ) .

.

.

.

.

.
852,568 .

.

.

.

.

.

.

.
876,220 .

.

.

.

.

.
852,568 .

.

.

.

.
$ .

.

.

.
876,220 .

.

.

.

.

.
Complete cash money, cash money
matchings, as well as limited cash money .

.

.

.

.
$ .

.

.

.
852,568 .

.

.(* ) .
$ .

.

.

.

.

.

.

.

.

.
852,568 .

.

.

.

.
$ .

.

.

.
876,220 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

MONDAY.COM LTD

.

.

.

.

.

.

.

.

.

( united state bucks in thousands)

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

3 months finished

S

.

eptember 30,

.

.

.

.

.

.

.

9 months finished

.

.

.

.

eptember 30,

.

.

.

.

.

.

.

.

.

.

.

2022

.

.

.

.

.

.

2021

.

.

.

.

.

.
.

2022

.

.

.

.

.

.

.

.

.

.

.

.

.

.(* ) .

.

.
$ .

.

.

.

.
319,939 .

.

.

.

.

.

.

.

.

.

.
2,107 .

.

.

.

.

.

. $ .

. 121,746 .

. $ .

. 74,912 .

.

.

.

.

.

.

.

. 87 % .

. 88 % .

.

.

.

.

.

.

.

.

.

.

.

.

. 90 % .

.

.

.

.

.

.

.

.

.

.

.

.

.

. $ .

.

. $ .

.

.

.

. 94,487 .

.

. 51,727 .

.

.

.

.

.

.

. (5,620) .

.

.

.

.

.

. $ .

. 26,259 .

. $ .

. 14,255 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. $ .

. 90,970 .

. $ .

. 67,443 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. $ .

. 82,432 .

. $ .

. 60,995 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. $ .

. 22,348 .

. $ .

. 14,698 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. $ .

. 15,240 .

. $ .

. 9,111 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

Settlement of running loss

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. (29,211) .

.

. (141,915) .

.

. (94,527) .

.

.

.

.

.

.

. 19,762 .

.

.

.

.

.

. $ .

. (2,185) .

. $ .

. (9,449) .

.

.

.

.

.

.

.

. (21 %) .

. (35 %) .

.

.

.

.

.

.

.

.

.

.

.

.

. (11 %) .

.

.

.

.

.

.

.

.

MONDAY.COM LTD

.

.

Settlement of GAAP to Non-GAAP Financial Details (Cont.)

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
.
.

.

.

.
2021 .

.

.

.
.

.

.

.

.
( unaudited) .

.

.

.

.
.

.
( unaudited) .

.

.

.

.

.

Settlement of gross revenue as well as gross margin

.
.
.

.

.
.
.
.

.

.

.

.

.

.

.
.

.

.
.
.
.

.

.

.

.

.

.

.

.

. . .

GAAP gross revenue

.

.

.

.

.

.
.
.
119,063 .

.

.

.

.
$ .

.

.

.
72,805 .
.
.

.

.
$ .

.

.

.

.

.
.
.

.
$ .

.
185,360 .

.

.

.

.

. Share-based settlement .(* ) .

.

.

.

.

.
2,683 .

.

.

.

.

.

.
.
.
.

.

. 8,039 .

.

.

.

.

.

. 5,471 .

.

.

.

.

.

Non-GAAP gross revenue

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . $ . .

.

. 327,978 .

.

.

.

. $ .

.

.

. 190,831 .

.

.

.

.

.

GAAP gross margin

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. 87 % .

.

.

.

.

.

. 87 % .

.

.

.

.

Non-GAAP gross margin

.

.

.

.

.

.

. 89 % .

.

.

.

.

.

. . .

.

.

. 89 % .

.

.

.

.

.

. 90 % .

.

.

.

.

.

Settlement of operating costs

.

.

.

.

.

.

.

.

.

.

.

.

. .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

GAAP r & d

.

.

.

.

.

.

.

. 33,984 .

.

.

.

.

. 19,875 . . .

.

. $ .

.

.

.

.

.

.

. $ .

.

.

.

.

.

.

.

. Share-based settlement .

.

.

.

.

.

. (7,725) .

.

.

.

.

.

. . . .

.

. (25,112) .

.

.

.

.

.

. (15,225) .

.

.

.

.

.

Non-GAAP r & d

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . $ . .

.

. 69,375 .

.

.

.

. $ .

.

.

. 36,502 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

GAAP sales as well as advertising

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . $ . .

.

. 303,683 .

.

.

.

. $ .

.

.

. 191,548 .

.

.

.

.

. Share-based settlement .

.

.

.

.

.

. (8,538) .

.

.

.

.

.

. (6,448) .

.

.

.

. (25,991) .

.

.

.

.

.

. (16,018) .

.

.

.

.

.

Non-GAAP sales as well as advertising

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . $ . .

.

. 277,692 .

.

.

.

. $ .

.

.

. 175,530 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

GAAP basic as well as management

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . $ . .

.

. 63,684 .

.

.

.

. $ .

.

.

. 36,612 .

.

.

.

.

. Share-based settlement .

.

.

.

.

.

. (7,108) .

.

.

.

.

.

. (5,587) .

.

.

.

. (21,400) .

.

.

.

.

.

. (15,146) .

.

.

.

.

.

Non-GAAP basic as well as management

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . $ . .

.

. 42,284 .

.

.

.

. $ .

.

.

. 21,466 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . .

.

.

.

.

.

.

.

.

.

.

.

GAAP operating loss

.

.

.

.

. $ .

.

.

. (28,239) .

.

.

.

. $ .

.

.

.

.

. $ .

.

.

.

.

.

.

. $ .

.

.

.

.

.

.

.

. Share-based settlement .

.

.

.

.

.

. 26,054 .

.

.

.

.

.

. . . .

.

. 80,542 .

.

.

.

.

.

. 51,860 .

.

.

.

.

.

Non-GAAP operating loss

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . $ . .

.

. (61,373) .

.

.

.

. $ .

.

.

. (42,667) .

.

.

.

.

.

GAAP operating margin

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. (38 %) .

.

.

.

.

.

. (44 %) .

.

.

.

.

Non-GAAP operating margin

.

.

.

.

.

.

. (2 %) .

.

.

.

.

.

. . .

.

.

. (17 %) .

.

.

.

.

.

. (20 %) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . .

.

.

.

.

.

.

.

(united state bucks in thousands, other than share as well as per share information)

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . .

.

.

.

.

.

.

.

.

.

Settlement of bottom line

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
.

.

.

.

. $ .

.

.

.

.

.

.

. (135,379) .

.

. (96,689) .

.

.

.

.

.

.

. 19,762 .

.

.

.

.

.

.

.

.

.

.

.

. (743) .

. (2,289) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

Settlement of bottom line attributable to regular investors

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. (28,846) .

.

. (135,379) .

.

. (104,892) .

.

.

.

.

.

.

. – .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. Tax obligation advantage pertaining to share-based settlement

.

.

.

.

.

.

. (743) .

. (2,289) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. $ .

. (0.51) .

. $ .

. (0.65) .

.

.

.

.

.

.

.

. $ .

. 0.06 .

. $ .

. (0.26) .

.

.

.

.

.

.

.

.

.

.

.

.

. (0.26) .

.

.

.

.

.

.

.

.

.

.

Settlement of fundamental as well as watered down heavy typical variety of shares impressive

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. 44,267,434 .

.

. 45,179,821 .

.

. 25,475,893 .

.

.

.

.

.

.

.

.

.

.

.

(3)

. – .

. – .

.

.

.

.

.

.

.

. 45,477,804 .

. 44,267,434 .

.

.

.

.

.

.

(4)

. 4,832,112 .

. – .

.

.

.

.

.

.

Heavy typical variety of regular shares impressive made use of in calculating watered down take-home pay (loss) per share (Non-GAAP)

.

.

.

.

. 44,267,434 .

.

.

.

.

.

. (1) .

. The tax obligation advantages produced from the workout of the invalidating personality of motivation share alternatives were left out in computing its non-GAAP take-home pay (loss) as well as non-GAAP fundamental as well as watered down bottom line per share. The Business thinks that leaving out these tax obligation advantages allows capitalists to see the complete result that leaving out share-based settlement expenditures carried the operating outcomes. .

.

.

.

.

.

.

.

.

.

.

.

MONDAY.COM LTD

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

GAAP bottom line . .

.

.

. . . (23,030) .

.

. $ .

. . .

. (28,846) .

.

. $ .

.

.

.

.

.

.

. $ .

.

.

.

.

.

.

.

. Share-based settlement .

.

.

.

.

.

. 26,054 .

.

.

.

.

.

. . . .

.

. 80,542 .

.

.

.

.

.

. 51,860 .

.

.

.

.

. Tax obligation advantage pertaining to share-based settlement

(1)

.

.

.

.

.

. (448) .

.

.

.

.

.

. (2,289) .

.

. .

.

.

.

.

.

.

.

.

.

.

.

.

.

Non-GAAP take-home pay (loss)

.

.

.

.

. $ .

.

.

. 2,576 .

.

.

.

. $ .

.

.

. (11,373) .

.

. $ .

.

.

. (55,580) .

.

.

.

. $ .

.

.

. (47,118) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . .

.

.

.

.

.

.

.

.

.

.

.

GAAP bottom line attributable to regular investors

.

.

.

.

. $ .

.

.

. (23,030) .

.

.

.

. $ .

.

.

.

.

. $ .

.

.

.

.

.

.

. $ .

.

.

.

.

.

.

.

. Regarded reward to chosen investors .

.

.

.

.

.

. – .

.

.

.

.

.

. . . .

.

. – .

.

.

.

.

.

. 8,203 .

.

.

.

.

. Share-based settlement .

.

.

.

.

.

. 26,054 .

.

.

.

.

.

. 19,762 .

.

. . .

. 80,542 .

.

.

.

.

.

. 51,860 .

.

.

.

.

(1)

.

.

.

.

.

. (448) .

.

.

.

.

.

. (2,289) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

Non-GAAP take-home pay (loss)

.

.

.

.

. $ .

.

.

. 2,576 .

.

.

.

. $ .

.

.

. (11,373) .

.

. $ .

.

.

. (55,580) .

.

.

.

. $ .

.

.

. (47,118) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

GAAP bottom line per share attributable to regular investors’, fundamental as well as watered down

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . $ . .

.

. (3.00) .

.

.

.

. $ .

.

.

. (4.12) .

.

.

.

.

.

Non-GAAP take-home pay (loss) per share, fundamental

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. $ .

.

.

. (1.23) .

.

.

.

. $ .

.

.

. (1.07) .

.

.

.

.

Non-GAAP take-home pay (loss) per share, weakened

.

.

.

.

. $ .

.

.

. 0.05 .

.

.

.

. $ .

.

.

. . .

. $ .

.

.

. (1.23) .

.

.

.

. $ .

.

.

. (1.07) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. . .

.

.

.

.

.

.

.

.

.

.

.

Heavy typical variety of regular shares impressive made use of in calculating fundamental as well as watered down bottom line per share (GAAP)

.

.

.

.

.

.

. 45,477,804 .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. Added shares providing result to IPO as well as simultaneous exclusive positioning

(2)

.

.

.

.

.

. – .

.

.

.

. – .

. . . .

.

.

. – .

.

.

.

.

.

. 2,976,397 .

.

.

.

.

. Added shares providing result to conversion of exchangeable recommended shares at the start of the duration

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. .

.

. – .

.

.

.

.

.

. 15,592,962 .

.

.

.

.

.

Heavy typical variety of regular shares impressive made use of in calculating fundamental take-home pay (loss) per share (Non-GAAP)

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. 45,179,821 .

.

.

.

.

.

. 44,045,252 .

.

.

.

.

. Dilution from share alternatives as well as RSUs

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. – .

.

.

.

.

.

. – .

.

.

.

.

.

.

.

.

.

.

.

. 50,309,916 .

.

.

.

.

.

.

. .

.

.

. 45,179,821 .

.

.

.

.

.

. 44,045,252 .

.

.

.

.

.

.

.

.

.

.

.

.

.

. (2) .

.

.

.

. Presumes regular shares impressive after representing the issuance of 5,037,742 regular shares related to our going public as well as simultaneous exclusive positioning at the start of the nine-month duration finished September 30, 2021, rather than the IPO closing day, June 10, 2021. .

.

.

. (3) . .

.

.

. Presumes regular shares impressive after representing the automated conversion of the recommended shares after that impressive right into regular shares at the start of the . .

.

.

.

.

. (4) .

.

.

.

. The result of these dilutive shares were not consisted of in the GAAP computation of watered down bottom line per share for the 9 months finished September 30, 2022 as well as 3 as well as 9 months finished September 30, 2021, due to the fact that the result would certainly have been anti-dilutive. .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

Settlement of GAAP to Non-GAAP Financial Details (Cont.)

.

. . .

(united state bucks in thousands)

.

.

.

.

.

.

.

.

. The complying with table resolves GAAP income to the non– GAAP action of FX-adjusted year-over-year income development prices, which leaves out the effect of modifications in international money exchange prices. The firm thinks FX-adjusted development prices offer a helpful structure for evaluating our service efficiency leaving out the impacts of international money exchange price changes. The effect of international money is figured out by computing the present year result making use of international exchange prices regular with the previous year: .

.

.

.

.

.

.

.

.

.

.

.

.

3 months finished

.

.

.

.

.

.

September 30, 2022

.

June 30, 2022

.

.

.

.

.

.

. (unaudited) .

.

.

.

Profits development as reported

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

March 31, 2022

.

.

.

.

.

.

.

.

.

.
.

.

.

. 65 % .

.

.

. 75 % .

.

.

. 84 % .

.

.

. Influence of international money exchange prices .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

MONDAY.COM LTD

.

.

Settlement of web cash money given by (made use of in) operating tasks to modified cost-free capital

.

(united state bucks in thousands)

.

.

.

.

.

.

.

.

.

.

.

eptember 30,

.

.

9 months finished

S

.

.

.

.

.

.

.

.

.

. .

.

.

. .

.

.

. .

.

.

.

.
.

.

. 3 % .

.

.
.

.

. 2 % .

.

.

.

. . 1 % . .

.

.

Profits development, FX-adjusted

.

.

.

.

. . 68 % . .

.

.

.

. 77 % .

. . .

.

.

. 85 % .

.

. . .

.

.

.

.

.

.

.

.

. . .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

3 months finished

.

.

S

.

. . .

.

.

.

.

.

.

.

eptember 30,

.

.

.

.

.

.

.

.

2022

.

.

.

.

.

.

.

.

.

.

.

.

.

2021

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. 3,793 .

.

.

.

.

.

.

.

.

.

.

.

. (12,243) .

.

.

. Exploited software program advancement prices .

.

. (732) .

.

. (590) .

.

.

.

.

.

. Acquisition of residential or commercial property as well as devices pertaining to build-out of our brand-new home office .

.

. – .

.

. 2,685 .

.

.

.

.

.

. Readjusted cost-free capital .

.

. 13,959 .

.

. 2,865 .

.

. $ .

.

.

.

.

. Readjusted cost-free capital margin .

.

. 10 % .

.

. 3 % .

.

.

.

.

.

.

2021

. . .

.

.

. . 2022

.

.

. .

.

.

.

.

.

.

.

.

.

. (unaudited) .

.

.

.

.

.

. (unaudited) .

.

.

.

.

.

.

.

. . .

. . . .

.

.

.

.

. . .

.

. . .

.

.

. Internet cash money given by (made use of in) operating tasks .

.

.

.

. $ .

.

.

. 20,030 . . .

.

. $ .

.

.

.

.

. . .

. $ .

.

.

. (6,943) .

.

.

. . $ . .

.

. 2,839 .

.

.

.

.

. Acquisition of residential or commercial property as well as devices . . .

.

.

.

. (5,339) .

.

.

.

.

.

. (3,023) .

.

.

.

.

.

.

.

.

.

.

. (8,604) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. (2,342) .

.

.

.

.

.

. (1,748) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. – .

.

.

.

.

.

. 7,303 .

.

.

.

.

.

.

.

. $ .

.

.

.

.

.

.

. $ .

.

.

.

.

.

.

.

.

. (21,528) .

.

.

.

. $ .

.

.

. (210) .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

. (6 %) .

.

.

.

.

.

. (0 %) .

.

.

.

.

Resource: monday.com

.